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Form Nc-478e Draft - Tax Credit Investing In Central Office Or Aircraft Facility Property - 2011

2011 Tax Credit

NC-478E

Web

Investing in Central Office or Aircraft Facility Property

11-11

North Carolina Department of Revenue

Legal Name (First 10 Characters)

NAICS Code of Primary Business

SSN or FEIN

Part 1.

Computation of Credit Amount for Investing in Central Office or Aircraft Facility Property at this

Establishment in 2008

For most taxpayers, the credit for investing in central office or aircraft facility property expired for central office

or aircraft facility property placed in service on or after January 1, 2007. Taxpayers who placed central office or

aircraft facility property in service prior to January 1, 2007 may continue to take the remaining installments and

carryforwards of prior years’ credits by completing Parts 3 and 4. (See the instructions for NC-478E for exceptions

to the sunset and further instructions.)

Cost of central office or aircraft facility property purchased or leased

and placed in service in N.C. during 2007

Cost of all central office or aircraft facility property used in N.C.

on the last day of 2007

(Enter here and in Part 4)

Cost of all central office or aircraft facility property used in N.C.

on the last day of the base year

(From Part 4, see instructions)

4. Line 2 minus Line 3

(If zero or less, enter zero)

5. Eligible investment amount statewide

(Lesser of Line 1 or Line 4)

Eligible investment amount at this establishment

Multiply Line 6 by 7%

Percentage of square feet of property used as central office

or aircraft facility property

9. Credit Amount for Investing in Central Office or Aircraft Facility

Property at this Establishment in 2007 (

Multiply Line 7 by Line 8)

Part 2. Computation of Credit Amount for Investing in Central Office or Aircraft Facility Property Statewide

10. Add the amount on Part 2, Line 9 for each establishment in 2007

5 0 0 0 0 0

11. Maximum credit for investments in 2007

12. Credit Amount for Investing in Central Office or Aircraft Facility Property Statewide in 2007

(Enter the lesser of Line 10 or Line 11; enter here and in the Credit History Table in Part 6)

13.

Amount of each future installment

Divide Line 12 by the number 7 (Credit is taken in 7 installments)

File with NC-478

Form Nc-478e Draft - Tax Credit Investing In Central Office Or Aircraft Facility Property - 2011

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